Everything changes: A look at sustainable investing and disclosure over time and a discussion of Institutional investors, climate disclosure, and carbon emissions
成果类型：
Article
署名作者：
Hales, Jeffrey
署名单位：
University of Texas System; University of Texas Austin
刊物名称：
JOURNAL OF ACCOUNTING & ECONOMICS
ISSN/ISSBN：
0165-4101
DOI：
10.1016/j.jacceco.2023.101645
发表日期：
2023
关键词：
摘要：
This paper summarizes and discusses Cohen et al. (2023), including how their results fit into a larger set of open questions about how sustainability-oriented information gets used in capital markets. Two key messages emerge. The first is that investors are not a monolith. The second message is that the information environment in which investors have been operating has changed dramatically over the past two decades and is likely to continue to evolve for the foreseeable future. Both messages have important implications for re-searchers when thinking about how to design empirical tests of theoretical relationships.(c) 2023 Elsevier B.V. All rights reserved.
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